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Armada investments ltd
Registration Number
01140855Incorporation Date
22/10/1973Last Annual Return
Not availableAddress
Armada House, Odhams Wharf, Exeter, Devon. EX3 0PB
Website
www.armadaassetfinance.comAudit Fees
£22,000Secretary
Ms Heather Anne Smith
Directors
Active
Mr David John Drewett (52 yrs)
Active
Mr Oliver Raymond Frederick Nash (42 yrs)
Active
Ms Heather Anne Smith (60 yrs)
Active
Mr Martin John Fishleigh (80 yrs)
Active
Mr Kirk Martin Smith (81 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 20577 | 24992 | 29674 | 35446 | 36825 |
| Directors Fees | 920 | 984 | 862 | 1096 | 1096 |
| Gross Profits | 5660 | 7414 | 9991 | 11828 | 12288 |
| Value Added | 4477 | 6050 | 6960 | 7697 | 6632 |
| Trading Profit | 2800 | 4324 | 5223 | 5672 | 4719 |
| Depreciation | 124 | 133 | 129 | 147 | |
| Non-Trading Income | 0 | 0 | 6 | 0 | 0 |
| Total Interest Charges | 1072 | 866 | 1279 | 1859 | 1673 |
| Pre-tax Profit | 1604 | 3325 | 3821 | 3666 | 2914 |
| Retained Profit (Shareholders Funds) | 1295 | 1820 | 2417 | 1974 | 2200 |
| Fixed Assets | 1633 | 1464 | 1510 | 1422 | 1351 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 1326 | 1326 | 1326 | 1326 | 1260 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1006 | 329 | 662 | 1106 | 977 |
| Cash or Equivalent | 29518 | 35711 | 46766 | 47450 | 25552 |
| Total Current Assets | 30524 | 36040 | 47428 | 48556 | 26529 |
| Creditors | 900 | 899 | 754 | 960 | 1147 |
| Short Term Borrowing | 10276 | 7359 | 17430 | 14066 | 0 |
| Other Current Liabilities | 789 | 647 | 425 | 1409 | 1409 |
| Total Current Liabilities | 11965 | 8905 | 18609 | 16435 | 2556 |
| Net Current Assets | 18559 | 27135 | 28819 | 32121 | 23973 |
| Shareholders Funds | 18139 | 19959 | 22376 | 24350 | 26550 |
| Total Loan Capital | 3349 | 9957 | 9235 | 10485 | 0 |
| Other Capital Employed | 30 | 9 | 44 | 34 | 34 |
| Total Capital Employed | 21518 | 29925 | 31655 | 34869 | 26584 |
| Pretax Profit Margin % | 7.8 | 13.3 | 12.88 | 10.34 | 7.91 |
| Sales Growth % | -25 | 21 | 19 | 19 | 4 |
| Pretax Profit Growth % | -41 | 107 | 15 | -4 | -21.00 |
| Debtor Ratio Days | 18 | 5 | 8 | 11 | 9.6540201997405 |
| Creditor Ratio Days | 16 | 13 | 9 | 10 | 11.3371325396378 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 895 | 1190 | 1349 | 1541 | 1695.24347826087 |
| Value Added £000/Empl. | 195 | 288 | 316 | 335 | 305.305391471331 |
| Av. Remun. £000 / Empl. | 73 | 82 | 79 | 88 | 88.0434782608696 |
| Total Empl. Remu. £000 | 1677 | 1726 | 1737 | 2025 | 1912.52550442077 |
| Employees | 23 | 21 | 22 | 23 | 21.722511902063 |
| Pretax Profit/Total Assets % | 5 | 9 | 8 | 7 | 10 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 19.5% in the latest year, well above the industry average of 11.7%.
- Sales per Employee is £1.5m which is well above the industry average of £539,000.
- The average salary is £88,000 which is well above the industry average of £68,000.
- The company would have made a significantly higher profit but for interest payments of £1.9m.
- The formal debt of the company is high, representing 69% of Total Sales.
- The company is among the Top 9 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 31 Leaders in Efficiency.
- The company is among the Top 27 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 28 Cash Rich companies.
- The company is among the Top 120 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £35.4m sales and made £3.7m, by following the proposal plan, sales would be level and profits would fall to £2.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £35.4m TO SALES
- HIGH INTEREST PAYMENTS
- HIGH AVERAGE AGE
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 20577 | 24992 | 29674 | 35446 | 36825 |
| Pre-tax Profit (£000) | 1604 | 3325 | 3821 | 3666 | 2914 |
| Total Value (£000) | 21945 | 28994 | 33278 | 36959 | 32003 |
| Asset Value (£000) | 3965 | 3119 | 3498 | 3854 | 3588 |
| Goodwill (£000) | 17980 | 25875 | 29780 | 33105 | 28415 |
| Liabilities (£000) | 14174 | 16840 | 18878 | 20496 | 22962 |
| Equity Value (£000) | 36119 | 45834 | 52156 | 57455 | 54965 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR KIRK MARTIN SMITH (32.5%)
MS PATRICIA ROWTCLIFF POPE (12.2%)
MR MARTIN JOHN FISHLEIGH (11.6%)
MR DAVID JOHN DREWETT (9.2%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 52 years.
2 directors are over 70 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £37.0m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 164%.
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